Shaping the Future of Bank Depository Operations
Founded in 1982 by the regional bank participants of DTCC, BDUG (Bank Depository User Group) has grown into a pivotal organization that shapes the future of bank depository operations. With a legacy of over four decades, BDUG brings together key stakeholders from across the financial industry, including Trust banks, Custodians, Regulators, and market infrastructure providers like DTCC, Federal Reserve, and OCC. Our objective is to foster collaboration, innovation, and excellence in bank depository services, ensuring that our members are always at the forefront of industry advancements.
Today, BDUG represents a diverse and powerful community of over 25 member organizations, including Trust Banks of all sizes, leading Custodians, and key market participants. By joining BDUG, you become part of a dynamic network that not only connects you with peers but also gives you a platform to influence the future of bank depository operations. Our members actively engage with industry regulators and infrastructure providers, ensuring that their voices shape the policies and practices that drive the financial industry forward.
Our mission
Facilitate seamless and transparent communication across all key market participants, ensuring that member banks are well-informed and equipped to navigate the evolving operational and regulatory landscape
Actively collaborate with institutions like DTCC, FED, OCC etc. to shape procedures, policies and operational strategies that reflect the collective needs and insights of the bank depository community
Promote a collaborative spirit that strengthens relationships and drives industry-wide improvements in bank depository operations, ensuring alignment and mutual support across all involved parties.
Why Join BDUG?
Join a vibrant community of industry leaders, including representatives from DTCC, the Federal Reserve, OCC, major Trust and Custodian Banks. Engage with peers, share insights, and collaborate on shaping the future of bank depository operations through our online groupsite, LinkedIn community, webinars and in-person events.
Stay ahead in the rapidly evolving financial landscape with exclusive webinars and educational content led by DTCC, the Federal Reserve, OCC, and other industry experts. Our resources are designed to keep you informed of the latest trends, regulatory changes, and best practices in the industry.
Each fall, BDUG organizes a widely attended conference in Florida, where you can connect with members, regulators, and industry vendors. You will gain valuable insights, participate in discussions that influence industry standards, and earn continuing education credits to maintain your Certified Securities Operations Professional (CSOP) and Certified Trust Operations Professional (CTOP) certifications.
Be part of a collective voice that influences decisions made by DTCC, the Federal Reserve, OCC, and other key market participants. Your membership allows you to contribute to discussions that shape policies and operational practices across the industry, ensuring your organization’s needs are heard.